The Downside of Buying a Used Car from an Owner
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What are the Disadvantages of Buying a Used Car from an Owner?
Buying a used car from an owner is usually thought to offer the advantage of lower pricing. But what about the disadvantages? Read on for some tips on the downside of private used car deals.
Private Owners Can't Usually Provide a Warranty.
- When you are buying a used car from a private party you are less likely to get any type of warranty if the manufacturer's warranty has expired.
Private Owners May Not Invest in Servicing or Inspection of the Vehicle.
- Most private used car sales involve motivated, conscientious individuals that make every effort to prepare the car for sale. Unfortunately, there are a few private sellers that pretend instead of prepare.
For your protection…
- Have a mechanic inspect the car before you buy. The mechanic should detail any problems in writing. If you still intend to buy the car, you should discuss these repair items with the owner and decide how they impact the price before you buy.
Private Owners Have a Limited Selection.
- Especially if you are pressed for time it may be tough to travel around to several individual owners rather than to a dealer where you can look at several cars at once.